Intelligent Building Automation Technologies Market

Intelligent Building Automation Technologies Market Size & Share - Future Growth Expectations

The global intelligent building automation technologies market size is projected to grow from USD 90.2 billion in 2023 to USD 152.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. The integration of edge computing in intelligent building automation represents a transformative leap in real-time data processing capabilities. By shifting computational tasks closer to the data source within the building infrastructure, edge computing ensures that critical information is processed instantaneously. This results in significantly quicker response times, minimizing delays and optimizing the overall performance of building automation systems.

The intelligent building automation technologies market is poised for substantial growth in the coming years, driven by several key factors:

  • Demand for Energy Efficiency
  • Focus on Occupant Comfort and Productivity
  • Advancements in IoT and Connectivity
  • Government Regulations and Incentives
  • Technological Advancements
  • Demand for Smart and Sustainable Buildings

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Demand for Energy Efficiency

  • Rising energy costs and environmental concerns drive the adoption of intelligent building automation technologies to optimize energy usage, reduce operational expenses, and achieve sustainability goals.
  • Energy management systems, smart HVAC controls, and lighting automation solutions enable buildings to operate more efficiently and reduce carbon emissions.

Focus on Occupant Comfort and Productivity

  • Intelligent building automation technologies prioritize occupant comfort, well-being, and productivity by providing personalized environments tailored to individual preferences.
  • Smart sensors, occupancy tracking systems, and adaptive lighting controls enhance comfort levels, reduce distractions, and improve the overall user experience in buildings.

Advancements in IoT and Connectivity

  • The proliferation of IoT devices and connectivity technologies enables seamless integration and communication between building systems and devices.
  • IoT sensors, actuators, and smart devices collect real-time data on building performance, occupancy patterns, and environmental conditions, enabling intelligent automation, predictive analytics, and remote monitoring capabilities.

Government Regulations and Incentives

  • Government regulations, building codes, and incentives promote the adoption of intelligent building automation technologies to improve energy efficiency, reduce greenhouse gas emissions, and enhance building performance.
  • Green building certifications, energy efficiency standards, and financial incentives encourage building owners and operators to invest in smart building solutions.

Technological Advancements

  • Continuous advancements in AI, machine learning, data analytics, and cloud computing drive innovation in intelligent building automation technologies.
  • AI algorithms optimize building operations, predict equipment failures, and automate decision-making processes, while cloud-based platforms enable remote management, scalability, and accessibility of building systems.

Demand for Smart and Sustainable Buildings

  • The growing demand for smart, sustainable, and technologically advanced buildings fuels the adoption of intelligent building automation technologies.
  • Building owners, tenants, and investors seek buildings with innovative features, energy-efficient systems, and digital amenities that enhance comfort, convenience, and sustainability.

These growth factors collectively contribute to the increasing adoption and expansion of the Intelligent Building Automation Technologies Market, driving innovation, efficiency, and sustainability in the built environment.

Intelligent Building Automation Technologies Market Share - Global Industry Landscape

The intelligent building automation technologies market is characterized by the presence of several key players competing for market share. Some of the leading companies in the intelligent building automation technologies industry include:

  • Honeywell International Inc. (US)
  • Johnson Controls International plc (US)
  • Siemens AG (Germany)
  • Schneider Electric SE (France)
  • ABB Ltd. (Switzerland)

The market players have adopted various strategies to strengthen their intelligent building automation technologies market position. Organic and inorganic strategies have helped the market players expand globally by providing advanced building automation solutions.

Honeywell International Inc. (US):

  • Market Share: Honeywell is a leading player in the intelligent building automation market, with a significant global presence and a diverse portfolio of solutions.
  • Key Offerings: Honeywell offers a wide range of intelligent building automation solutions, including building management systems, HVAC controls, security systems, fire detection, and energy management solutions. Their offerings focus on optimizing building performance, improving energy efficiency, and enhancing occupant comfort and safety.

Johnson Controls International plc (US):

  • Market Share: Johnson Controls is a major player in the intelligent building automation market, known for its comprehensive building solutions and innovative technologies.
  • Key Offerings: Johnson Controls provides integrated building automation and controls solutions, including HVAC systems, security systems, fire detection, lighting controls, and energy management solutions. Their offerings leverage IoT connectivity, data analytics, and cloud-based platforms to optimize building operations and enhance sustainability

Siemens AG (Germany):

  • Market Share: Siemens is a key player in the intelligent building automation market, offering a wide range of solutions for building control, automation, and energy management.
  • Key Offerings: Siemens offers building automation and control systems, including building management systems, HVAC controls, fire safety systems, and energy monitoring solutions. Their offerings incorporate advanced automation technologies, digitalization, and cloud connectivity to optimize building performance, reduce energy consumption, and enhance comfort.

Schneider Electric SE (France):

  • Market Share: Schneider Electric is a leading player in the intelligent building automation market, offering comprehensive solutions for building management and energy efficiency.
  • Key Offerings: Schneider Electric provides building automation solutions, including building management systems, HVAC controls, lighting controls, security systems, and energy management software. Their offerings focus on sustainability, energy efficiency, and digitalization, enabling building owners to optimize operations and reduce environmental impact.

ABB Ltd. (Switzerland):

  • Market Share: ABB is a significant player in the intelligent building automation market, offering a broad portfolio of building automation and control solutions.
  • Key Offerings: ABB provides building automation systems, including building management systems, HVAC controls, lighting controls, and security systems. Their offerings emphasize integration, interoperability, and scalability, enabling seamless control and monitoring of building systems for improved efficiency and performance.

Related Reports:

Intelligent Building Automation Technologies Market by Offering (Solutions, Services), Technology (Sensor Technology, Connectivity Technology, Computing Technology), End Use (Residential, Industrial, Commercial) and Region - Global Forecast to 2028

Intelligent Building Automation Technologies Market Size,  Share & Growth Report
Report Code
TC 2566
RI Published ON
4/3/2024
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